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Stock Market & Financial Investment News

News For CNX;ACI;BHP;BTU From The Last 14 Days
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September 30, 2014
10:35 EDTBHPBHP and South Africa’s Transnet in $2.1B coal-haulage deal, Bloomberg says
South Africa’s ports and rail operator Transnet SOC signed a 10 year, $2.1B coal-haulage deal with miner BHP Billiton, says Bloomberg. Reference Link
08:12 EDTBHPBHP Billiton reports employee fatally injured at Worsley Alumina refinery
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06:21 EDTBHPBHP sends Phil Montgomery to Jansen potash project, WSJ reports
BHP Billiton has sent Phil Montgomery, its head of group project management, to run the massive Jansen potash development in Canada, the Wall Street Journal reports. BHP has committed $3.8B to the project, but it has no fixed completion date, and last year work was halted for months due to technical issues. Reference Link
September 26, 2014
07:40 EDTBTU, CNX, ACICoal stock price targets cut citing Q4 met coal benchmark at UBS
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September 25, 2014
13:03 EDTBHPBHP Billiton discussing possible resolution of 2009 anti-corruption case
In its annual report, BHP Billiton said that it was currently discussing a possible resolution to its 2009 anti-corruption case. The company said, "As previously disclosed, BHP Billiton received requests for information in August 2009 from the SEC. Following that request, the group commenced an internal investigation and disclosed to relevant authorities evidence that it has uncovered regarding possible violations of applicable anti-corruption laws involving interactions with government officials. The issues relate primarily to matters in connection with previously terminated exploration and development efforts, as well as hospitality provided as part of the company’s sponsorship of the 2008 Beijing Olympics. The Group is currently discussing a potential resolution of the matter."
10:06 EDTBHPOn The Fly: Analyst Upgrade Summary
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07:37 EDTBHPBHP Billiton to freeze pay for CEO, non-executive directors
Following the Remuneration Committee’s annual review the CEO Andrew Mackenzie’s base salary and target remuneration for this year will remain unchanged. Last year, the Remuneration Committee believed that Mackenzie's remuneration should be rebased down and as a result, the CEO’s package was reduced by approximately 25%. Non-executive Director fees will also remain unchanged. In its annual report, the company believes these outcomes align remuneration with shareholder interests and the prevailing business environment.
07:32 EDTBHPBHP Billiton upgraded to Buy from Neutral at Citigroup
September 24, 2014
13:45 EDTBHPBHP Billiton mulls secondary listing in London for spin-off company, WSJ says
BHP Bilton is mulling a secondary listing in London for its new spin-off company that contains noncore mining assets, The Wall Street Journal reports, citing a shareholder letter. The move comes following increased shareholder pressure regarding the company's original plan to spin off the company only in Australia and South Africa. Analysts estimate the new company could be worth approximately $17B, The Wall Street Journal added. Reference Link
September 23, 2014
09:54 EDTBTUPeabody cuts Q3 adjusted EPS view to (69c)-(63c) from (49c)-(36c)
Consensus is (40c). Updated guidance primarily reflects the effects of non-cash tax expense following the repeal of the Minerals Resource Rent Tax in Australia. Peabody now sees Q3 adjusted EBITDA $190M-$210M vs. previous $150M-$200M view. "Peabody is pleased that strong cost improvements and operating results are leading to increased Adjusted EBITDA expectations even in the face of market challenges," said Peabody Energy Chairman and CEO Gregory H. Boyce. "Our operations are performing well as we experienced higher-than-expected results from the Western United States, improved performance from Australian metallurgical coal mines and continued cost reductions across the platform."
06:07 EDTBHPBHP Billiton shedding 700 mining jobs in Queensland, Guardian reports
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September 22, 2014
09:56 EDTACIArch Coal management to meet with FBR Capital
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September 18, 2014
14:46 EDTBTUPeabody sees Q3 Powder River Basin shipments above Q2 levels
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14:45 EDTBTUPeabody says India thermal coal imports rising faster than expected
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14:43 EDTBTUPeabody sees new China coal quality policies to have no negative impact
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14:21 EDTBTUPeabody Energy volatility flat as shares trend to ten-year low
Peabody Energy September weekly call option implied volatility is at 31, October is at 33, December is at 31; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement.
10:00 EDTBTUOn The Fly: Analyst Downgrade Summary
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06:08 EDTBTUPeabody downgraded to Sell from Neutral at Goldman
Goldman downgraded Peabody to Sell based on a reduced met coal price forecast, valuation, low Australia margins, and high leverage levels. Price target lowered to $13 from $15.
September 17, 2014
10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
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05:26 EDTBHPBHP Billiton downgraded to Underperform from Neutral at Exane BNP Paribas
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